Description

Very Rare April 1780 Five Shilling Pennsylvania

Pennsylvania April 29, 1780 5s PCGS Very Fine 25. This is
the only example of this note that we have handled in any of our
sales. This issue is referred to as "Island Money," as it was
secured by a pledge of land, including Province Island. The date of
invalidity of this series was moved several times, with the final
date being January 1, 1793. At that time, remaining notes were
redeemed with specie, accounting for the extreme scarcity of these
pieces today. The note is a solid VF, without a hint of a problem.
This VF 5s note is very likely one of the finest in existence. The
Newman book values these at $4500 in Fine, with no higher grade
given. The Friedberg catalog simply notes the entire issue as very
rare, with no price for any grade.

Auction Info

Auction Dates

January, 2010

7th-11thThursday-Monday

Bids + Registered Phone Bidders: 4

Lot Tracking Activity: N/A

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